About Tango Card
Tango Card is a company based in Seattle (United States) founded in 2009 by David Leeds was acquired by Blackhawk Network in January 2024.. Tango Card has raised $57.01 million across 9 funding rounds from investors including Blackhawk Network, Western Technology Investment and FTV Capital. The company has 267 employees as of December 31, 2023. Tango Card has completed 1 acquisition, including GiftCertificates.com. Tango Card offers products and services including Gift Cards, Prepaid Cards, and Charity Donations. Tango Card operates in a competitive market with competitors including Achievers, QwikCilver, Ackroo, Xoxoday and Alyce, among others.
- Headquarter Seattle, United States
- Employees 267 as on 31 Dec, 2023
- Founders David Leeds
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Sectors
TechnologyRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tango Card Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.01 M (USD)
in 9 rounds
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Latest Funding Round
$10 M (USD), Series C
Feb 12, 2019
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Investors
Blackhawk Network
& 6 more
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Employee Count
267
as on Dec 31, 2023
- Investments & Acquisitions
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Acquired by
Blackhawk Network
(Jan 31, 2024)
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Products & Services of Tango Card
Tango Card offers a comprehensive portfolio of products and services, including Gift Cards, Prepaid Cards, and Charity Donations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital cards for merchant rewards and incentives.
Prepaid Visa and Mastercard for flexible payouts.
Options for donating to nonprofits as rewards.
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Software Development Team
9 people
Sales and Marketing
8 people
Human Resources and Administration
2 people
Product Management Team
2 people
Senior Team
1 people
Finance and Accounting
1 people
Data Analysis and Operations Team
1 people
Sr. Team
1 people
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Funding Insights of Tango Card
Tango Card has successfully raised a total of $57.01M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in February 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $10.0M
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First Round
First Round
(23 Nov 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series C - Tango Card | Valuation | FTV Capital |
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| May, 2018 | Amount | Series C - Tango Card | Valuation | FTV Capital |
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| Jun, 2017 | Amount | Debt – Conventional - Tango Card | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tango Card
Tango Card has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Blackhawk Network, Western Technology Investment and FTV Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Venture debt is provided globally across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are focused on by Floodgate in US startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tango Card
Tango Card has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GiftCertificates.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Reward solutions and gifting products are offered through e-commerce.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tango Card
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tango Card Comparisons
Competitors of Tango Card
Tango Card operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Achievers, QwikCilver, Ackroo, Xoxoday and Alyce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Employee Recognition and engagement platform provider
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| domain | founded_year | HQ Location |
Gift card and store value solutions are provided to businesses.
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| domain | founded_year | HQ Location |
SaaS-based gift card and loyalty programs are provided for businesses.
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| domain | founded_year | HQ Location |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
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| domain | founded_year | HQ Location |
Artificial intelligence based platform for corporate gifting
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tango Card
Frequently Asked Questions about Tango Card
When was Tango Card founded?
Tango Card was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Tango Card located?
Tango Card is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Tango Card?
David Leeds is the current CEO of Tango Card. They have also founded this company.
Is Tango Card a funded company?
Tango Card is a funded company, having raised a total of $57.01M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $10M, raised on Nov 23, 2011.
How many employees does Tango Card have?
As of Dec 31, 2023, the latest employee count at Tango Card is 267.
What does Tango Card do?
Tango Card was founded in 2009 in Seattle, United States, and operates in the digital rewards sector. Gift cards are issued through an API that enables integration into corporate platforms for employee incentives, wellness initiatives, customer loyalty efforts, research rewards, and payment disbursements. Services are utilized by businesses of various sizes to support these programs across different applications.
Who are the top competitors of Tango Card?
Tango Card's top competitors include Xoxoday, Achievers and QwikCilver.
What products or services does Tango Card offer?
Tango Card offers Gift Cards, Prepaid Cards, and Charity Donations.
How many acquisitions has Tango Card made?
Tango Card has made 1 acquisition, including GiftCertificates.com.
Who are Tango Card's investors?
Tango Card has 7 investors. Key investors include Blackhawk Network, Western Technology Investment, FTV Capital, Floodgate, and Allegro Venture Partners.
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